• The "Continued Residential Development" area is still owned by the developer that is developing and building homes at Preston Lake -- MLK Preston Lake LLC.
   
• The land being developed for apartments was sold by the Preston Lake developer (MLK Preston Lake LLC) to an entity called "Mid Town Square LLC" for $2,500,000 back on December 27, 2016.
   
• The balance of the land for future commercial development is owned by "TMC Harrisonburg LLC" -- which I believe is the same or similar ownership as the Preston Lake development company.

As it pertains to the 168 apartments....

"State Corporation Commission records list William Park of Charlottesville as the registered agent for Mid Town Square. Park is co-owner of Park Properties Management and president of Pinnacle Construction & Development Corp., which builds the apartments."

"Park's companies are behind two complexes in the area.

Park Properties Management owns and operates the Colonnade Apartments, 66 rent-assisted units on North Mason Street in Harrisonburg, as well as The Landings at Weyers Cave, the complex sandwiched between Interstate 81 and U.S. 11 just north of Va. 256.

The company also offers a high-end product. Windigrove Apartments in Waynesboro has been open for years, and The Lofts at Jubal Square are under construction in Winchester."

• Krispy Kreme has signed a lease to build in Shoney's old location as shown above, but they are in a due diligence period, so everything is not finalized.
   
• Olive Garden is researching the possibility of building a new location on the site of the Best Western as shown above.  This is even less certain than Krispy Kreme at this point.
  

• Symi International, a water importing company, announced in January, 2014 that it would open an office and a warehousing and distribution center in Harrisonburg within 18 months where it would employ 18 people.
   
  
• DBT-Data, which operates a data processing center in Harrisonburg, announced in January, 2014 that it would expand by adding 35 new jobs.
   
  
• Ice House. Construction was completed in the summer of 2014 on this fully renovated 80,000 square foot structure that was originally built for ice and cold storage in 1934. JMU leased approximately 30,000 square feet of office space at the building to house university departments, such as Communications and
  Marketing, Public Affairs, the Shenandoah Valley Small Business Development Center, and the Center of Economic Education. The building is located on the corner of South Liberty and West Bruce Street.
   
  
• Approved Colleges, which markets services focused in online education, announced in January, 2014 that it would hire 40 additional employees in Harrisonburg in a newly renovated space at 126 West Bruce Street.
   
  
• Shenandoah Processing announced in December, 2013 that it would open a new poultry plant in Harrisonburg where it would employ 102 people. It will serve the market for organically raised and "all-natural" chicken.
   
  
• Bellaire at Stone Port. This is an assisted living community currently under development along Stone Port Road across from the Rockingham Memorial Hospital. The facility will include 64 assisted living apartments and 24 memory care apartments in an 80,890 square foot complex. Completion is expected by mid-2016. At least 40 new jobs will be created.
   
  
• Walmart is constructing a 128,000 square foot store in Timberville. The supercenter would create about 300 jobs. Construction is planned to be completed by 2016.
   
  
• Sentara RMH Medical Center. Ground was broken in November, 2014 on this two-story, 52,000 square foot medical facility that will better serve the needs of advanced imaging, orthopedics and sports medicine patients. The facility opened in Fall, 2015.
   
  
• Bridgewater Retirement Community plans to renovate and add 36,000 square feet to the Huffman Health Center, which houses approximately 130 residents in long-term nursing care. The project is currently in the schematic design phase. Currently most residents are in shared rooms, but in the new model, about 70 percent of the rooms will be private. Completion of the project is anticipated for late 2016 or early 2017.
  
  
• Serco, a records management and patent processing company, announced in November, 2014 that it would expand by adding 40 new positions at its Harrisonburg location.
   
  
• Special Fleet Service, a commercial truck body fabrication company, announced in September, 2014 that it would add 45 employees to its Harrisonburg location.
   
  
• Shenandoah Growers announced in March, 2015 that it would expand its organic herb nursery greenhouse and production facility in Rockingham County by adding 15 new jobs. Shenandoah Growers will install a new 78,000 square foot nursery greenhouse at its current facility.
   
  
• AXON Ghost Sentinel, a Harrisonburg-based cyber security firm, announced in June, 2015 that it would expand in the City, adding 29 new jobs.
   
  
• The Virginia Poultry Growers Cooperative announced in July, 2015 that it would build an 80,000 square foot turkey processing facility in Hinton over the next three years. The move is expected to create six jobs and increase the co-op's production by more than 45 percent. The company also plans to invest in its feed mill in Broadway and its grain elevator in Linville.
   
  
• Hotel Madison and Shenandoah Valley Conference Center. Construction on this 21,000 square foot hotel is slated to begin in the spring of 2016. The 205-room facility will be constructed and operated by dpM Partners on land leased from JMU. The project is expected to create nearly 60 full-time jobs once the facility opens.
   
  
• Sentara Healthcare Clinic. Ground was broken in June, 2015 on a new medical facility in Timberville in northern Rockingham County. The free-standing 13,580 square foot facility will house the physicians and staff members of Timberville Health Care and Springbrook Family Medicine in Broadway. The center will also offer X-ray, laboratory and rehabilitation services. The project is expected to be completed in early-2016 and generate 20± new jobs.
  

[...] it's a nonbuilding project, the completion of the half-loop connecting U.S. 33 east and west of Harrisonburg known as the Southeast Connector, that's predicted to have the greatest effect on commercial real estate.

Matt Raggi, a vice president with Thalhimer Realty Partners, said the company will operate the property. It owns and operates almost 4,000 apartment units in Virginia and the Carolinas, including student markets such as Richmond, Norfolk and Chapel Hill, N.C.

Pheasant Run is the company's first acquisition in Harrisonburg.

"We like JMU. We like the Harrisonburg market," Raggi said. "We think JMU is going to continue to grow. We're long-term investors, so we see long-term value in Harrisonburg and JMU."

Local company Pheasant Run Townhomes LLC owned and operated the property, which was developed in phases between 1999 and 2003.

"Brian Shull, the city's economic development director, said the parcel could become the first noncommercial lot of 7 acres or more along East Market to be rezoned for commercial use since 2003, when Harrisonburg Crossing was created at the former Dunham-Bush plant."

For the project to move forward, the parcel's land-use designation in the city's comprehensive plan must be changed to commercial from conservation recreation. The property then must be rezoned to general business district conditional from single-family residential district. Senior planner Alison Banks said the Harrisonburg Planning Commission approved both requests unanimously on Dec. 9. City Council also must sign off and is slated to take up the matter at its Jan. 12 meeting. The change makes sense to the city's planning staff, she said, because of the nature of traffic in the area and utilities on the site. "This portion of the country club that we'd be subdividing off along East Market Street is at a busy intersection," Banks said. "Large [Harrisonburg Electric Commission] power lines run thorough it, too." The conceptual site plan presented to the Planning Commission shows two entrances to the small center - a standard one with turn lanes off Country Club Road, and a right in, right out off East Market Street at the property's eastern edge.

"Since 2011, commercial and residential development activity has increased and Stone Spring Road has been completed.  [...] Interest in the development of commercially zoned land in this same area is expected to increase as a result of the relocation and completion of Stone Spring Road and the construction of Albert Long Park."

"According to county officials, an expanded UDA would put Rockingham County in a better position to compete for state money under the new prioritization process for transportation funding adopted by the General Assembly in 2014."

1,124 Words About Asphalt by Tim Reamer

"It was a pretty good year," said David Lee of Lee and Associates. "We had nice, stable, slow, steady growth, which is what you like to see."

Tim Reamer, an agent for Cottonwood Commercial, said 2014 "played out as very sustainable growth."

Mike Hendricksen, chief operating officer of Matchbox Realty and Management Services, said the year was good from both a leasing and sales perspective.

"We are finally at a point where investors and tenants are comfortable taking some calculated risk. ... We haven't had a lot of ground-up development in quite some time," Reamer said, "but we seem to be poised for that in 2015 and I think that will be the dominant storyline of this upcoming year."

While best known for its supercenter stores, which sell groceries along with myriad other items ranging from automotive parts to clothing, Wal-Mart has been expanding the market concept launched in 1998. Henneberg wrote that the stores allow the company to offer fresh groceries, a pharmacy and some household items in a smaller footprint.

The company operates more than 450 Neighborhood Markets, she wrote, and each employs about 95 people.

• A pro-business government
• A planned growth model
• An ideal location two hours from Washington, DC and Richmond
• Strong infrastructure and business resources
• Two Technology Zones
• ...and much more!

• Business in Harrisonburg
• Business Environment
• Infrastructure
• Incentives and Benefits
• Property and Site Selection
• Technology in Harrisonburg
• HDTZ & Tech Park
• Technology Firms in Harrisonburg
• Population and Demographics
  
  

• February 2005:  N Main Properties purchase for $1.3MM
   
  
• June 2007:  N Main Properties to Criticon for $3.8MM
   
  
• January 2008:  Criticon to DBT-Data for $3.6MM
   
  
• March 2010:  DBT-Data to Harris Corp for $41.6MM
   
  
• Harris Corp invests another $22MM in the facility
   
  
• Feb 2012: Harris shuts down data center
   
  
• Sept 2013:  Harris Corp to DBT-Data for $35MM
   
• Sept 2013:  DBT-Data to GI DC Harrisonburg LLC for $49MM
  

• The Harrisonburg data center is the only data center in Maryland or Virginia with a Tier III certification from the Uptime Institute.  This ranking relates to the "security and risks of a data center's performance" --- there are four tiers (I, II, III, IV) with IV being the highest.
   
  
• The Harrisonburg data center (aka the "Cyber Integration Center") features 100% perimeter fencing, card readers and biometric access at all control points, 24/7 on site IT and security staff, high-efficiency evaporative chillers, air-side economizers for free cooling, and UPS.

• Bonjangles, being built at the corner of Port Republic Road and Stone Spring Road.
   
  
• The Reserve at Stone Port being built between the to be constructed section of the Southeast Connector Road and Ridgewood Road.
   
  
• Plenty of additional land at Stone Port, yet to be developed, intended for destination retail, medical and professional office, and high density residential.